Portfolio Position

[DionM]

Well I'm probably down about 15% as of today.



What I really hate is that I stayed away from investing in sharemarkets for so many years, as I feared the effects of big corrections ... until last August I decided to jump in boots and all with a loan. Bad bad bad bad bad timing.

It's taking some nerves of steel at present, I can tell you.

I can continue to keep paying the loan repayments (and it's not a margin loan), and 70% of my invested money is in stocks that pay dividends, so I don't have a need to cash in in this panic-striken market.

But still, I am watching with great pains.

 

[Gar]

I feel pretty lucky to have come out of this mess as lightly as I have, I lost 9% over the last few weeks but I'm still up 25% - 30% from july

Try to keep your chins up fellas, its only money and its all experience

 

[barnz2k]

I feel pretty lucky to have come out of this mess as lightly as I have, I lost 9% over the last few weeks but I'm still up 25% - 30% from july

Try to keep your chins up fellas, its only money and its all experience

Loving your AV Gar, I feel just like GIL right now

 

[chewy]

Well I'm now down almost 20% since i started investing a few months ago most of that from today (down 13% today! ). To think I could of got out only a few weeks ago 20% up Oh well you live and learn.

 

[niknah]

Mid last year I only had 1-2 stocks in the red.
Now, it's mostly red stuff.
I'm down 5% from 1.5yrs of investing, thinking about switching to an index fund. Haven't been very good at picking stocks.

Some of the ones that have went down are a surprise to me...
IRI which makes most of it's income from the US actually went up.
TRS(reject shop), look like they've fallen off a cliff with no bad news. you'd think in a recession people would buy more from the reject shop.

 

[M34N]

Well, the half I had invested from last week has now dwindled into about 1/5 only...

Had to bail out today, and I sold near day highs and the stock closed at a day low, saved 4% just from that decision alone, such insanity.

Still holding the one stock, but its minor, and compared to the losses incurred, it's not worth mentioning. Oh well.

 

[barnz2k]

Finally had the guts to look.. down almost 17% after 2 years. Thats close to 40% drop in a matter of months. Ouch. I think almost 50% of that loss came yesterday.

6% in the bank looking pretty good right about now.. 12% + compounding.. hmmm..

 

[cordelia]

I sold at a loss mostly on pem and zfx and put a big chunk in my mortgage so I could draw down on it and the rest in the bank but I am worried about having cash just sitting there. what do you do....

 

[Sean K]

....the rest in the bank but I am worried about having cash just sitting there. what do you do....

You're worried about having cash in the bank? Cash in the bank is an investment position. All the fund managers have it as well...Gee, I think Buffett has about $40b in the bank.

 

[cordelia]

You're worried about having cash in the bank? Cash in the bank is an investment position. All the fund managers have it as well...Gee, I think Buffett has about $40b in the bank.

normally i would feel quite happy about it but i don't know if the bank is a particularly safe place right now. a financial crisis is unfolding and anything could happen.

 

[Buffettology]

normally i would feel quite happy about it but i don't know if the bank is a particularly safe place right now. a financial crisis is unfolding and anything could happen.

Lol, I think your cash is safe with the big banks! This will see Banks hit and then filter through the economy, but you will not see any large banks close up shop!

You must have read too many headlines!

 

[Gundini]

Mid last year I only had 1-2 stocks in the red.
Now, it's mostly red stuff.
I'm down 5% from 1.5yrs of investing, thinking about switching to an index fund. Haven't been very good at picking stocks.

Some of the ones that have went down are a surprise to me...
IRI which makes most of it's income from the US actually went up.
TRS(reject shop), look like they've fallen off a cliff with no bad news. you'd think in a recession people would buy more from the reject shop.

Unlucky mate, you would think in recession times people would buy from the reject shop. I think they will do ok in the next 6 months if things don't improve all of a sudden.

The USA is very resilient....

 

[cordelia]

I actually don't believe half of what I read in the papers....I just don't trust the banks especially when they can just decide to put up interest rates when they feel like it. If suddenly a lot of people wanted to get their money out of the bank and put it somewhere wouldn't that cause a problem....There's way too much credit around and not enough to back it from what I can observe....

 

[Gundini]

I actually don't believe half of what I read in the papers....I just don't trust the banks especially when they can just decide to put up interest rates when they feel like it. If suddenly a lot of people wanted to get their money out of the bank and put it somewhere wouldn't that cause a problem....There's way too much credit around and not enough to back it from what I can observe....

You are so right about banks,

and to think they will rise their own rates, but not raise the rate for the investor cash rate.

Self interest only I'm afraid...

 

[Buffettology]

I actually don't believe half of what I read in the papers....I just don't trust the banks especially when they can just decide to put up interest rates when they feel like it. If suddenly a lot of people wanted to get their money out of the bank and put it somewhere wouldn't that cause a problem....There's way too much credit around and not enough to back it from what I can observe....

I dont think we are NEARLY at the stage of people lining up to get their cash out!

If that begins and sends NAB, CBA etc out of business, then I think I might start robbing matresses and what people store under them for a living!

Not to mention, banks cant just put up the IR, the central bank does that! Federal Reserve in the US and Reserve Bank here.

 

[barnz2k]

Not to mention, banks cant just put up the IR, the central bank does that! Federal Reserve in the US and Reserve Bank here.

Didn't they just do that recently though? Before the official rate was put up?
Im not in Oz so only get half the news but thats the word i got.

 

[cordelia]

yes the anz was first

 

[TheRage]

Banks can't put up Cash Rate which is what the reserve bank controls. Banks usually pass on Cash Rate increase becasue they borrow from RBA so cost of borrowing increases. Banks can put up their own internal interest rate whenever they feel like it. In the current environment I suspect increase was due to offset any potential investment losses as well as to pay for any doubtful debts which will be realised over the following year. Getting in early and putting up rates will likely maintain earnings growth.